U.S. Gold Corp., a prominent gold and copper exploration and development company, has received formal acceptance of the Mine Reclamation Bond for its CK Gold Project in Wyoming. This significant milestone marks the fulfillment of two out of three conditions required for the Mine Operating Permit.
The reclamation bond, totaling $5.1 million, was submitted to the Wyoming Department of Environmental Quality (WDEQ) and approved on May 31, 2024. With this approval, along with the recent issuance of the Water Discharge Permit, U.S. Gold Corp. is on track to obtain the Air Quality Permit in the near future.
George Bee, President, CEO, and Director of U.S. Gold, expressed his satisfaction with the progress, stating that the company is advancing towards full project development. Luke Norman, Executive Chairman, highlighted the potential value creation opportunities for investors as the CK Gold Project moves closer to production.
The CK Gold Project, previously known as Copper King, has been dormant for several years until U.S. Gold Corp. initiated the development process in 2020. The company aims to leverage rising commodity prices and capitalize on the fully permitted gold and copper project to benefit its shareholders.
As work on updating economic forecasts and feasibility studies progresses, U.S. Gold Corp. remains committed to maximizing project financing without dilution. The company’s focus on incorporating project upside opportunities and completing the feasibility study by the third quarter of 2024 demonstrates its dedication to advancing the CK Gold Project.
For more information about U.S. Gold Corp. and its projects, interested parties can visit their website at www.usgoldcorp.gold.
